Chancellor Jeremy Hunt has said he is "working on a solution" to ensure banks act quicker to pass on interest rate rises to savers.Mr Hunt said he told bank bosses in "no uncertain terms" that there is an issue after acknowledging it is currently "taking too long" for them to pass on the changes to savers.His remarks came as MPs pressed the Government to take further action after lenders representing over 75% of the market agreed to a "mortgage charter", providing support for residential mortgag

Chancellor Jeremy Hunt has said he is "working on a solution" to ensure banks act quicker to pass on interest rate rises to savers.Mr Hunt said he told bank bosses in "no uncertain terms" that there is an issue after acknowledging it is currently "taking too long" for them to pass on the changes to savers.His remarks came as MPs pressed the Government to take further action after lenders representing over 75% of the market agreed to a "mortgage charter", providing support for residential mortgage customers.